Match the following.You may use a response once,more than once,or not at all.
-Suggests that decision makers are limited by their knowledge
A)Administrative model
B)Bounded rationality
C)Satisficing

Question

Quizplus · Accepted Answer

Bounded rationality suggests that decision makers are limited by their knowledge and cognitive abilities, and as a result, they may not be able to make optimal decisions. The administrative model is a descriptive model of decision making, while satisficing is a decision-making strategy that involves selecting the first option that meets minimum criteria, rather than seeking the best possible option.

Match the Following